Question

39. A contingent contract is also known as ……….

(A) Wagering agreement

(B) Void agreement

(C) Conditional contract

(D) Voidable contract

40. Registration of a partnership firm is :

(A) Compulsory

(B) Dependent on the nature of business

(C) Dependent on the size of business

(D) Optional

41. If no time and place is prescribed by the promisee, the contract must be performed …….

(A) Any time and at any place

(B) Within reasonable time

(C) At a proper place

(D) Within reasonable time and at a proper place

42. In which of the following cases, does the doctrine of supervening impossibility apply ?

(A) Failure of one of the objects

(B) Destruction of subject matter

(C) Difficulty in performance

(D) Strikes and lock-outs

43. Who can claim possession of goods from the finder of lost goods?

(A) Real owner

(B) Relatives of real owner

(C) The police

(D) None of the above

44. Who is partner by estoppel?

(A) He has sharing of profits

(B) He Has say in management

(C) He holds out himself to be a partner to the outside world by his conduct.

(D) All of the above

45. The person who gives the guarantee is called the ….

(A) Principal debtor

(B) Surety

(C) Creditor

(D) Loss taker

46. A contract of indemnity is a ……..

(A) Contingent contract

(B) Wagering agreement

(C) Quasi-contract

(D) Void contract

47. The right of subrogation in a contract of guarantee is available to the ………..

(A) Creditor

(B) Principal debtor

(C) Surety

(D) None of the above​

Answer 1

Answer:

I think. A)wagering agreement